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Sixty-nine percent of defined contribution plan sponsors use an investment management consultant, according to a new survey.

Participants using an advice product in 401(k) plans administered by Schwab Corporate&Retirement Services earned an average 3% higher return than those who did not, according to new data.

The combined assets of the nation's mutual funds increased by $435 billion, or 3.6%, to $12.356 trillion in October, according to the Investment Company Institute (ICI).

Assets of all exchange-traded funds (ETFs) rose in October by $37.08 billion, or 6.7%, to $588.18 billion, according to the latest monthly statistics from the Investment Company Institute...

MG Trust Company, a wholly owned subsidiary of Matrix Financial Solutions, has announced the availability of its new target-date collective funds.

An investment adviser from Charleston, West Virginia accused of misusing $600,000 from a 401(k) plan he trusteed has agreed that he will no longer work with Employee Retirement...

The Internal Revenue Service has issued Notice 2007-94 describing the 2007 Cumulative List of changes for plan qualification requirements.

The Financial Industry Regulatory Authority (FINRA) has sanctioned Rafferty Capital Markets, LLC, of Garden City, New York, for facilitating improper market-timing practices and for failing to have an...

A federal judge in Massachusetts has thrown out civil fraud charges against three ex-executives of Putnam Fiduciary Trust Company (PFTC), but refused to dismiss charges against three others.

Union Bank of California, N.A., has signed a definitive agreement to sell its retirement recordkeeping business to Prudential Retirement.

Yes, just in time for the holidays, a fresh dispute has arisen regarding the use of that beloved yuletide chorus, “Grandma Got Run Over by a Reindeer.″

Janus Capital Group Inc. has launched two new funds to be sold through third-party financial institutions and intermediaries: the Janus Adviser Global Research Fund and Janus Adviser Global...

The IRS has issued model plan language that may be used by public schools either to adopt a written plan to reflect the requirements of § 403(b) or...

MFS Investment Management has launched a new Web portal specifically geared toward meeting the needs of Registered Investment Advisers (RIA).

State Street Corporation has launched the State Street Private Equity Index.

A case before the Supreme Court questions whether fees for investment advice incurred by a trust are deductible under an Internal Revenue Code provision governing costs paid in...

XShares Advisors LLC has partnered with RPG Consultants, a retirement plan provider, to provide plan sponsors, advisers, and third-party administrators (TPAs) the ability to add lower-cost exchange-traded funds...

Half of financial services firms plan to increase professional hiring in 2008.

Automated retirement plan features such as automatic enrollment are driving up 401(k) plan participation rates at U.S. companies, according to Diversified Investment Advisors, Inc.

U.S. Supreme Court justices heard oral arguments Monday in a case that could help define the scope of participant fiduciary breach lawsuits.